ALEC Holdings, a Dubai-based engineering and construction group, has set the final offer price for its IPO at 1.40 dirhams ($0.38) per share
PHOTO
The offering, which represents 20% of the company’s share capital, will raise AED 1.4 billion ($381 million), implying a market capitalisation of AED 7 billion ($1.91 billion) upon listing on the Dubai Financial Market. Watch the Zawya video here:
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
